DSWL vs SBH: Correlation
Deswell Industries, Inc. (DSWL) and Sally Beauty Holdings, Inc. Commo (SBH) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSWL and SBH?
On 3 years of weekly data the DSWL/SBH correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.37). The 5-year figure is 0.31, and annualized covariance runs at 509.5 %².
SBH is one of the assets that tracks DSWL most closely: it ranks #3 out of the 10 assets we track against DSWL. Their recent paths diverged sharply: over the last 12 months SBH outperformed by 26.9 percentage points (-10.4% for DSWL against +16.5% for SBH).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DSWL vs SBH: side by side
| DSWL (Deswell Industries, Inc.) | SBH (Sally Beauty Holdings, Inc. Commo) | |
|---|---|---|
| 1-year return | -10.4% | +16.5% |
| 5-year return | +0.8% | -12.3% |
| Volatility (ann.) | 30.4% | 45.3% |
| Beta vs S&P 500 | 0.34 | 1.15 |
| Max drawdown (3Y) | -29.5% | -45.2% |
| Market cap | – | $1.5B |
| P/E (trailing) | 4.6 | 8.6 |
| Dividend yield | 6.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSWL | SBH |
|---|---|---|
| 2022 | -14.1% | -32.2% |
| 2023 | -8.3% | +6.1% |
| 2024 | -2.9% | -21.3% |
| 2025 | +54.7% | +36.5% |
| 2026 | -5.7% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSWL and SBH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DSWL and SBH?
As of 2026-08-27, the correlation of weekly returns between DSWL and SBH is 0.37 over 3 years, 0.25 over 1 year and 0.31 over 5 years.
Is SBH a good diversifier for DSWL?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dswl-vs-sbh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dswl-vs-sbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DSWL correlations · SBH correlations
